1. Sector Profile: Isett Seta
Labour
Sector Profile: Isett Seta
The following tables provide insight into the Isett Sector which comprises of the following sub-sectors:
Information Systems (IT)
Telecommunication Technologies
Electronics
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ISETT SETA

2. # Of Companies by Size Company Size Companies % of Total
1-49 Organisations
4247
92.07%
Organisations
249
5.40%
150+ Organisations
117
2.54%
Total Organisations
4613
100.00%
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3. # Of Employees by Company Size
Total Employees
Company size
Population
% of Total
1-49
47964
23.8%
50-149
21983
10.9%
>150
131902
65.3%
Total
201849
100.0%
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4. Scarce Skills Description/category of scarcity identified
Related occupation
Projected need over next 2 years
Learning programme to address scarcity
IT Technical Support (Hardware and Networking)
IT System Development (Software Development incl. database)
Physical and Engineering Science Technicians
316369*
(Isett and Non-Isett)
Isett =
Non-Isett=199710
Skills programmes, internships and learnerships
2.1 Telecommunication Technology
2.2 Electronics (Dev. and Maintenance)
Electrical and Electronic equipments mechanics and fitters
181550*
Isett = 68296
Non-Isett=113254
3. Project management
Project management
2232*
Isett = 1100
Non-Isett=1132
Skills programmes and learnerships
4. Venture Creation (Entrepreneurship)
Business Professionals
1648*
Isett = 565
Non-Isett=1083
5. End User Computing
Administrative Support Staff
4048*
Isett =1123
Non-Isett=2925
Short course
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5. Labour
SETA Profile
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6. NSDS 2001 – 2005 Achievements Indicator 1.1 – No of Workers at NQF 1
Labour
NSDS 2001 – 2005 Achievements
Indicator 1.1 – No of Workers at NQF 1
As at March 2005, 95% (baseline = 201,400) of employees in the ISETT sector had a qualification higher than NQF Level 1 on the National Qualifications Framework.
Indicator 1.2 – No of workers on structure learning programmes
As at March 2005, 63% (127675) of employees in the ISETT sector had been scheduled for structured skills development programmes of whom (13,850) have completed their programmes satisfactorily.
Indicator 1.3 – No of enterprises that achieved national standard of people development
As at March 2005, 13 enterprises have committed is starting to implement Investors In People (IIP), and 01 enterprise has already achieved the standard.
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7. Labour
NSDS 2001 – 2005 Achievements
Indicator 2.1 – No of large enterprises that received skills development grants
As at March 2005, 104 enterprises with more than 150 employees were claiming grants. This represents 100% participation.
Indicator 2.2 – No of medium enterprises that received skills development grants
As at March 2005, 152 enterprises in the ISETT sector employing between 50 and 149 employees were claiming grants. This is 100% participation.
Indicator 2.3 – No of learnerships available to workers in sector
As at March 2005, 15 Learnerships were registered and made available across the ISETT sector.
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8. Labour
NSDS 2001 – 2005 Achievements
Indicator 3.1 – No of small enterprises that received skills development support
As at March 2005, Independent Skills Development Facilitators were made available to all small businesses that required assistance. Large businesses were offered grants to assist small businesses with skills development as well.
Indicator 5.1 – No of unemployed young people that entered learnerships or apprenticeships
As at March 2005, 6,731 Learners have entered Isett Seta funded Learnerships and 1,546 have completed.
No of learners on learners or apprenticeships that were placed in employment
As at March 2005, 1,546 of Learners have completed Learnerships while 897 have been permanently placed or self-employed, and 652 are studying further.
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9. Annual Financials & Audit Results
Labour
Annual Financials & Audit Results
SDL Income = R210,345,000
SDL income increased by R36.652m (21%) over previous year. About 8% of the increase was due to annual salary increases, nearly 3% due to increase in stakeholders in the ICT sector and 10% due to the adoption of the AC111 revenue recognition policy.
Total Investment Income = R16,395,000
Investment income increased by R6.603m over previous year. R5.000m of this total relates to the previous year. The net movement from last year after reinstating the R5.000m is a decrease of R3.397m. The drop is brought about by the decrease in interest and the reduced capital amount invested in the current year due to accelerated learnership implementation.
Total revenue = R265,981,000
Total revenue increased by R67.813m over previous year due to an increase of R36.652m,R6.603m & R24.842m on SDL,Invetment & NSF income respectively.
Total expenses = R245,313,000
Total expenses increased by R46.411m from R m in the previous year. This is made up of increases of R19.585m,R2.105m & R24.842m on Mandatory Grant,Administration & NSF expenses respectively.
Expenses as percent of SDL Income =99%
Expenses exclude NSF expenses.
Net surplus / (deficit) = R20,668,000
The contribution to the net surplus is from investment income of R16.395m and the difference of R 4.271m is a net saving for the year.
Total Cash & Cash equivalents = R168,615,000
This will be utilised for learnership projects committed in 2004/05 and Grant provision of R m.
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10. Annual Financials & Audit Results
Labour
Annual Financials & Audit Results
At the time of drafting this report, the final audit report had not been issued by the AG. However the preliminary report indicated that the following issues have been addressed:
Treatment of VAT.
NSF projects.
The Fixed assets register.
Opening balances relating to the 2004/05 period.
The following actions will be taken to address the above:
VAT – We have requested an extension of two months from SARS for the final submission of the Vat. The extension is from 30 September 2005 to 30 November 2005.A firm of consultants was engaged to look at the entire VAT treatment of the Grants system from the inception of the Isett to date.
Fixed Assets – A project has already been initiated to ensure full compliance with the Companies Act of the fixed asset register.
NSF – a separate set of general ledger accounts has been set up in order to account for NSF projects separately from Isett accounts. Thus all SLA’s signed with the vendors will now distinguish between the Isett and the NSF obligations and payments will be split accordingly between the two.
Opening Balances – The discipline has already been put in place to close off the system (Great Plains) every month and do proper cut-offs from month to month.
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11. Committed Funds and Projects
Labour
Committed Funds and Projects
The funds will be utilised as follows:
R m will be used for Grant payments.
R68.615m will be used for Learnerships commitments.
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12. Move learners from NQF level 4 to 5
Labour
Key Challenges for
Move learners from NQF level 4 to 5
Identify learners for venture creation
Partner with employers on ICT Hubs
Forge partnerships with FET/HED Institutions
Forge partnerships with NGO/CBO and CO OPS
Implement ABET as End User Program within ICT
Develop new Learnerships for the Electronics sub-sector
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